Malaysian palm oil price recovers from 1-1/2 week low on rise in export demand


Malaysian palm oil futures slid for a third consecutive session on Monday, falling to its lowest since mid-November as slowing demand and expectations of higher supplies weighed on the market.

KUALA LUMPUR: Malaysian palm oil futures recovered from their lowest in 1-1/2 weeks on Friday to trade slightly higher in the evening, underpinned by an improving export demand.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange rose 0.2 percent to 2,608 ringgit ($609.77) at the close of trade.

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